Absolute real economic growth is an increase in __________ from one period to the next
A) GDP
B) Real GDP
C) per-capita Real GDP
D) per-capita GDP
E) none of the above
B
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The long-run supply curve in a competitive market is upward-sloping
Indicate whether the statement is true or false
Net exports equal imports minus exports
a. True b. False Indicate whether the statement is true or false
A leveraged buyout by Eaton's of Simpson's stock or assets
a. is financed by Eaton's using its own corporate retained earnings b. is primarily debt financed c. is financed by Eaton's stock offering d. is financed by Eaton's selling Simpson's stock or assets that Eaton's acquires in the leveraged buyout e. is financed by Simpson's going bankrupt allowing Eaton's to buy its stock or assets below value (which means leveraged)
If consumers purchase more of a good when their income rises, the good is a normal good
a. True b. False Indicate whether the statement is true or false